Decision Making and Alternatives Analysis
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Questions and Answers

What must be done after developing a list of alternatives?

  • Finalize the purchase immediately.
  • Seek external opinions on the alternatives.
  • Completely ignore the alternatives and start anew.
  • Analyze the alternatives based on predefined criteria. (correct)

    • What does the rank of 10 represent in the decision-making process described?

  • The maximum ranking for the most important criterion. (correct)
  • The average weight assigned to all features.
  • The weight assigned to Memory.
  • The minimum acceptable feature level.

    • Why might the assigned weights in the analysis of alternatives vary?

  • They are standardized across all decision processes.
  • They are based on personal opinion and preferences. (correct)
  • Because they are determined by external market forces.
  • They are fixed numbers required by accounting standards.

    • What is the primary purpose of assigning weights to features in the alternatives analysis?

    <p>To establish a clear ranking of options against desired features.</p> Signup and view all the answers

    What decision-making approach focuses on minimizing potential regret?

    <p>Minimax choice</p> Signup and view all the answers

    Which of the following biases involves a preference for immediate rewards over long-term benefits?

    <p>Immediate gratification bias</p> Signup and view all the answers

    What technique is essential for understanding cultural differences in decision-making?

    <p>Design thinking</p> Signup and view all the answers

    In the managerial decision-making model, which type of problem involves clear procedures and established solutions?

    <p>Structured problem</p> Signup and view all the answers

    What is NOT a characteristic of an effective decision-making process?

    <p>Allows for arbitrary decision criteria</p> Signup and view all the answers

    Which bias may lead decision-makers to only acknowledge information that confirms their preexisting beliefs?

    <p>Confirmation bias</p> Signup and view all the answers

    Which condition indicates a high level of certainty in the decision-making process?

    <p>Certainty</p> Signup and view all the answers

    What can hinder the process of making rational decisions according to biases?

    <p>Perceiving randomness in data</p> Signup and view all the answers

    Which of the following is a feature of bounded rationality?

    <p>Considering limited cognitive resources</p> Signup and view all the answers

    What is the primary purpose of a strategic plan in Aaliyah's restaurant?

    <p>To guide the overall direction of the restaurant</p> Signup and view all the answers

    During the offseason, which type of plan would best help Aaliyah to innovate her restaurant offerings?

    <p>Directional plan</p> Signup and view all the answers

    Which planning approach might Aaliyah employ to improve her restaurant's local community ties?

    <p>Utilize standing plans for continuous improvement</p> Signup and view all the answers

    What is an advantage of conducting research and development during the offseason?

    <p>Performance can be tested without high pressure</p> Signup and view all the answers

    What characterizes a single-use plan in Aaliyah's restaurant context?

    <p>Developing a one-time strategy for seasonal sales</p> Signup and view all the answers

    What is likely a characteristic of Aaliyah's operational plans?

    <p>They focus on specific activities and functioning areas</p> Signup and view all the answers

    In what way can Aaliyah's restaurant benefit from a short-term plan during lean months?

    <p>By quickly addressing immediate challenges</p> Signup and view all the answers

    How does a directional plan differ from a specific plan for Aaliyah's restaurant?

    <p>A directional plan is less structured and more flexible</p> Signup and view all the answers

    What type of planning could help Aaliyah create a unique customer experience in her restaurant?

    <p>Single-use plans for special events or promotions</p> Signup and view all the answers

    Which organizational structure has high departmentalization and wide spans of control?

    <p>Divisional structure</p> Signup and view all the answers

    What is a key characteristic of a boundaryless organization?

    <p>It removes predefined structural boundaries.</p> Signup and view all the answers

    What distinguishes line authority from staff authority in organizational structures?

    <p>Line authority allows managers to make decisions without consultation, while staff authority provides support to line managers.</p> Signup and view all the answers

    What does the team structure primarily consist of?

    <p>Work teams that comprise the entire organization.</p> Signup and view all the answers

    Which of the following is NOT a purpose of organizing?

    <p>Increase bureaucracy within departments.</p> Signup and view all the answers

    Which of the following is a characteristic of a mechanistic organizational structure?

    <p>Centralized authority with specialized roles.</p> Signup and view all the answers

    In a functional structure, what is a primary aspect of its organization?

    <p>Grouping related occupational specialties.</p> Signup and view all the answers

    How does the size of an organization influence its structure, according to the content?

    <p>An organization typically becomes mechanistic around 2,000 employees.</p> Signup and view all the answers

    How does a matrix structure facilitate project management?

    <p>It assigns specialists from different departments to projects.</p> Signup and view all the answers

    What is one of the main differences between mechanistic and organic organizational structures?

    <p>Mechanistic structures have low adaptability to change.</p> Signup and view all the answers

    What does a simple structure typically lack?

    <p>Departmentalization</p> Signup and view all the answers

    Which best describes the contemporary view of the span of control in organizational management?

    <p>It varies based on the skills of the manager and employees along with situational characteristics.</p> Signup and view all the answers

    Which design focuses on organizing around ongoing projects and roles?

    <p>Project structure</p> Signup and view all the answers

    What is a main feature of a virtual organization?

    <p>A core of full-time staff supported by external resources.</p> Signup and view all the answers

    Which of these is a dimension that is typically established through organizing?

    <p>Formal lines of authority</p> Signup and view all the answers

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